Resources

Resources Registering a Business in Singapore: Legal Requirements and Costs of Business Incorporation By Medinex Team  |  Mar 2025   Singapore is one of the most business-friendly destinations in the world, offering a robust legal framework, a strong economy, and an attractive tax regime. Whether you are a local entrepreneur or a foreign investor, registering […]

Resources What the Singapore Budget 2025 means to Singaporean SMEs and entrepreneurs: Prime Minister Lawrence Wong’s Vision for the Future By Medinex Team  |  Feb 2025   In his Budget 2025 speech delivered on 18th February, Prime Minister Lawrence Wong laid out a series of transformative measures that aim to support Singaporeans and businesses in

Resources Sustainable Growth and Resilience: What Singapore Budget 2025 Means for Businesses and Citizens By Medinex Team  |  Feb 2025   Singapore’s Budget 2025 focuses on addressing rising costs of living while fostering long-term economic sustainability. As unveiled by Prime Minister and Minister for Finance, Mr Lawrence Wong, this year’s budget prioritizes inclusive support measures,

Resources What Do You Need to Know about Setting Up Business in JB Malaysia- Expanding into the new Johor Singapore – Special Economic Zone By Medinex Team  |  Jan 2025   The Johor-Singapore Special Economic Zone (JS-SEZ) is a landmark initiative aimed at fostering economic collaboration between Malaysia and Singapore. Announced during the 11th Malaysia-Singapore

Resources Performance Management and Appraisal: Techniques for Evaluating Employee Performance By Medinex Team  |  Feb 2025   In the dynamic business environment of Singapore, effective performance management and appraisal are crucial for organizations aiming to enhance employee productivity and achieve strategic objectives. For small and medium-sized enterprises (SMEs) and larger corporations, implementing robust performance evaluation

Resources How Important is Cybersecurity and What Roles Do it Play in Small and Medium Sized Companies (SMEs) in the Future? By Medinex Team  |  Jan 2025   In today’s increasingly digital world, cybersecurity has become one of the most critical aspects of running any business. Small and medium-sized enterprises (SMEs) are particularly vulnerable to

Resources Payroll Services in Singapore: Choosing the Right Provider for SMEs By Medinex Team  |  Dec 2024   Efficient payroll management is vital for any business and in Singapore’s highly regulated environment, it can be challenging to handle in-house. Many companies choose to outsource payroll function to save time, ensure accuracy, and focus on their

Resources Why Financial Accounting Services are Crucial for Enhancing Profitability of Your Business and Company in Singapore? By Medinex Team  |  Nov 2024   Financial accounting plays a vital role in any business by offering a systematic approach to tracking, analysing, and reporting financial transactions. Although some business owners may see accounting as merely a

Resources What are the three possible outcomes in the event of Tax Avoidance? By Medinex Team  |  Oct 2024     If the CIT is of the view that there was tax avoidance, section 33 of the ITA will be invoked to vary the arrangement. Depending on the case facts, any, or a combination, of

Resources What is considered an arm’s length remuneration? By Medinex Team  |  Oct 2024   A doctor may consider using either one of the following methods to determine if there has been an arm’s length attribution of income/profit between the company and himself/herself:   Option 1: Market Salary Benchmarking – remunerating the doctor based on